Mississippi Casino Revenues Steady - Friday 21st of April 2006

BILOXI, Mississippi – As reported by the Mississippi Sun Herald: "The Mississippi State Tax Commission issued the gross gambling revenue report for March on Tuesday, and the numbers indicate that the market remains steady.

"The three casinos that have reopened since Hurricane Katrina earned $63.8 million in March, up $4.9 million from February and down just $443,033 from January.

"…A year ago, the Coast's 12 casinos earned $117.8 million in March. The three casinos that have reopened are the IP, the Palace and the Isle of Capri. More casinos are slated to open this summer and later this year.

"Brian Richard, research director at the University of Southern Mississippi's Economic Development Resource Center, expects revenues to increase as more casinos open.

"…Steve Richer, executive director of the Mississippi Gulf Coast Convention & Visitors Bureau, said the market will change with the phases of recovery.

"…Casino revenue in the Mississippi River counties was $159.7 million in March, up $20 million from February and relatively unchanged from January."

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